Principle of Management Course: My Experiences

Within this assignment I will describe my understanding of the links between management and leadership, the skills and styles of management and leadership, the application of management and leadership theories in an organisational context and planning for the development of management and leadership skills.

If not, is there a form of departmentalization for multiproduct, multiservice companies which would match somewhat the divisional structure configuration?"

After the end of the Industrial Revolution, large corporations were beginning to grow in size and power in order to satisfy what seemed the endless demands for new goods and services. As corporations and labor forces grew, there was a need to develop a more systematic study of organization and management, known as management theory, the significant being Frederick Taylor's Principles of Scientific Management which involved the development of training workers through special incentives and compensation (Boone p.33). In general, early management scientists tended to believe that there was a single way to organize companies and manage employees. By the beginning of the 20th century, there were initial attempts for launching a systematic and

37.|The “Big Five” personality trait that reflects the degree to which someone is good-natured, cooperative, and trusting is considered __________.|

Cooperation depicted by team members working in unison and moving to accommodate each other was the initial concept. One member achieved a goal of

Controlling- Controlling is a backward looking plan as it analyzes if the actual results are in accordance with the planned results. First of all, performance standards are established then actual results are measured, after this follows the comparisons of the planned and actual results and figure out deviations, if any and lastly corrective actions are being taken to avoid such deviations in the future. Dell is a consumer-friendly brand and to maintain its competitive edge in the market it provides after sales services and asks consumers for their valuable feedback to maintain the quality of their products (Rogers, et al., 2006).

Teamwork: We are committed to each other personally and professionally. We respect each other, succeed together, and recognize there is nothing we can’t solve as a team.

The following textbook is available to you as an e-text within this course. You will be directly

We worked as a team and our team was divided into groups and we have met a lot of challenges accomplishing the

A solution to help decrease the bankruptcy in retired pro athletes is by making them take a business management class. Steinberg thinks most pro athletes when drafted have a lack “of competent financial planning advice” (Steinberg). This is a big deal when it comes to a pro athlete. Without financial experience or knowledge, a pro athlete can be swindled into a deal when they do not know everything that comes with that deal. Too many athletes “had not only failed to plan for the future, but lacked a basic understanding of money management” (Callahan). Making athletes take a business class would help inform athletes on how to handle their money. Another solution companies can do is hire a financial advisor to every player. Assigning an

As a first time manager my short term goal (next 2-3 years) is to establish myself in my current role and develop my management skills. Drucker (2005) discusses the importance of working to my strengths, having good self-awareness and an understanding how I perform. As part of my career goal I would like to complete the relevant tertiary education (MBA) to equip me with the tools to enable my success.

Teamwork – To succeed through teamwork, we always challenge ourselves and with each other, against to shared goals and to be liable for our responsibilities.

a team, not just as a group of individuals. In order for individuals to work effectively together,

10. Eliminate slogans, exhortations, and targets for the work force asking for zero defects and new levels of productivity. Such exhortations only create adversarial relationships, as the bulk of the causes of low quality and low productivity belong to the system and thus lie beyond the power of the work force.

Mr. Durant, the new CEO since 2005, embarked on the new strategy by offering 15percent new products in its hypermarkets and 10 percent in its supermarkets. Moreover, he wants to employ more staff, extend the operating hours in certain hypermarkets, cutting prices, trying small stores, and pushing down decision making. Mr. Durant aims to stay only in countries where Carrefour is among the top retailers.